CAC 40

Today's data summary

Market closed
% change
+1.70%
Value
5435.48
Change
+90.84
As of 00:20 22 Aug 2019

Latest updates

European stocks head higher

Jackson Hole, Wyoming
Getty Images
Central bankers will meet at the US Fed's annual symposium in Jackson Hole, Wyoming

The FTSE 100 has extended earlier gains and is now ahead 1.1% at 7,209.87.

In Germany, the DAX is up 1% and in France, the CAC-40 index has climbed 1.4% higher.

Investors are looking ahead to the minutes from the US Federal Reserve July meeting - released later - for clues about where interest rates are heading. Fed chairman Jerome Powell will also be giving a speech on Friday at the US central bank's Jackson Hole symposium.

People are looking ahead to Jackson Hole later this week and the message that Jerome Powell may or may not give us on the direction of monetary policy. That is the highlight of the week and we are waiting with bated breath."

Andrew Milliganhead of global strategy at Aberdeen Standard Investments

European stocks in positive territory

The FTSE 100 remains in positive territory - despite this morning's shaky start - and is up 0.58% at 7,107.76.

Meanwhile, the FTSE 250 is ahead 0.36% at 18,707.89.

France's CAC-40 index is trading 1% higher at 5,293.78 while in Germany the DAX is also 1% ahead at 11,527.57.

European stocks open higher

While we wait for the FTSE 100 and FTSE 250 to start trading - and find out what the problem is - the CAC-40 index in France is live and up 0.34% at 5,254.65.

Germany's DAX is also ahead, up 0.31% at 11,449.07.

European stocks extend falls on China threat

The latest salvo in the US-China trade war - see the Business Live post at 11:33 - has sent stock markets lower.

In the UK, the FTSE 100 is now down 1.47% at 7,042.98. In France, the leading CAC-40 index is off 1.35% and Germany's has tumbled by 1.86%.

Swings and roundabouts for global stocks

The Nikkei clawed back some earlier falls to close 1.2% down at 20,405.65, while Hong Kong's Hang Seng ended the day 0.89% higher at 25,526.49.

In London, the FTSE 100 remained in negative territory, down 0.23% at 7,131.15.

Conversely, the FTSE 250 is ahead 0.27% at 18,781.29.

In France, the CAC-40 index is marginally ahead at 5,250.71 and Germany's DAX is up 0.12% at 11,506.04.

Hong Kong protests weigh on European shares

A pro-democracy protester in Hong Kong
Reuters
A pro-democracy protester in Hong Kong

The FTSE 100 is now down 0.50% at 7,217.93. In Germany, the benchmark Dax is off 0.22% and in France the CAC-40 is trading 0.45% lower.

Neil Wilson, chief analyst at Markets.com, said: "Reports that authorities have closed the airport in Hong Kong sent markets lower after what had been a positive open in Europe.

"Hong Kong has kind of been under the radar of most traders... but increasingly I feel like that this has the potential to spiral into a bigger market worry. Today's moves highlight the risks."

UK shares fall sharply

City trader
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The threat of yet more US tariffs on Chinese goods hit US markets hard on Thursday and shares in Europe have continued the downward trend.

The FTSE 100 index is down 112.88 points, or 1.5%, at 7,471.99, while the FTSE 250 has dropped 164.53 points, or 0.8%, to 19,469.78.

In France, the Cac 40 index is down 2.3% at 5,429.39, while Germany's Dax index has fallen 2.1% to 11,996.90.

European markets close higher

Trader
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European markets closed higher this afternoon following another day of investor optimism after the US Federal Reserve yesterday indicated a willingness to reduce the headline interest rate.

That echoed a similar message from the European Central Bank's Mario Draghi who said on Tuesday that the bank was ready to cut the cost of borrowing

And today, the Bank of England said it would keep rates flat at 0.75% but some analysts have said the UK could also be headed for a rate cut.

The pan-Euopean Euro Stoxx 50 closed up 0.4%, or 14 points, at 3,469. That was helped by gains in Germany, where the Dax was also up 0.4% - 47 points - at 12,355 when markets closed. The Cac 40 in Paris gained 0.3%, or 17 points, to finish the day at 5,536.

Market update

trader looking at screens
Getty Images

The FTSE 100 is now down more than 1% at 7,248.20, 85.99 points lower. There are only a handful of stocks trading higher in the index.

Concern about an escalating trade wars is one theory, which has also knocked other European markets.

"Whilst the weaker pound ought to be acting as a catalyst for the FTSE to rally today, the pessimism on trade is outweighing any uplift," said Neil Wilson, chief market analyst at Markets.com.

The pan-European Stoxx index is off 0.8%, while Germany's Dax is down 1.7% and the Cac in France is down 1.6%.